Leading Polish business owners invest in small nuclear reactor venture
The company of Poland's richest man raised 500 million zloty as it seeks to develop a fleet of BWRX-300 reactors in Poland and beyond.
A prominent group of Polish business owners have committed 500 million zloty (€114 million) to a venture developing small modular nuclear reactors, headed by the country’s wealthiest man, Michał Sołowow. Joining him in the investment are Rafał Brzoska, founder of delivery giant InPost, and Mati Staniszewski, CEO of AI firm ElevenLabs.
This financing, combined with contributions from foreign investors, will fund Synthos Green Energy (SGE) for the next two years as it seeks to deploy BWRX-300 reactors in Poland, Central and Eastern Europe and the UK. The investment announcement was made at a business conference in Warsaw, as Sołowow seeks to expand his nuclear project beyond the troubled partnership with state energy giant Orlen, where disagreements have slowed SMR construction plans in Poland.
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